That's forty-seven subsidiaries per regulator.
Author | Peters, Charles |
Position | TILTING at windmills - JPMorgan Chase & Co.'s trading losses - Brief article |
Seventy regulators from the Office of the Comptroller for the Currency and forty examiners from the Federal Reserve are stationed inside JPMorgan Chase. They have been blamed for not catching on sooner to the fact that the bank was hiding losses from the London Whale's trading operation. Clearly, they deserve some of the blame. According to Danielle Douglas of the Post, one OCC regulator admitted that he didn't realize what was going on until the Journal first...
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